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Saffron Speciality Papers Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on February 15, 2025 to raise funds through Initial Public Offer (IPO).
Saffron Speciality Papers Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on the BSE SME. BOI Merchant Bankers Ltd. is the book running lead manager and NSDL Database Management Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Saffron Speciality Papers IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,32,53,951 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sat, Feb 15, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2008, Saffron Speciality Papers Limited is engaged in the business of manufacturing and exporting Printed Paper Stationery and Back-to-School Paper Stationery.
The company specializes in customized, mass-produced Back-to-School Paper Stationery and Printed Paper Stationery with diverse finishes, embellishments, and bindings. It also offers commercial printing services to corporations, banks, government agencies, trusts, and more.
The company operates 2 units, Unit 1: Survey No. 53, Hissa 29, 75/2, 77/5, Village Aamne, Bhiwandi 421302, Thane. Unit 2: Survey No. 74, 75/1, Village Aamne, Bhiwandi 421302, Thane (93,000 sq. ft. completed, 42,000 sq. ft. under construction).
Products:
As of December 31, 2024, the company had 40 permanent employees on the payroll and has employed 50 employees on a contract basis.
Competitive Strengths:
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 156.64 | 121.34 | 76.75 | 60.2 |
| Total Income | 96.52 | 190.9 | 132.57 | 120.38 |
| Profit After Tax | 5.76 | 5.81 | -0.02 | 0.8 |
| Net Worth | 26.55 | 17.7 | 10.86 | 10.9 |
| Reserves and Surplus | 11.12 | 5.35 | 9.7 | 9.74 |
| Total Borrowing | 112.55 | 90.14 | 55.88 | 41.43 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 32.84% |
| ROCE | 21.91% |
| Debt/Equity | 5.89 |
| RoNW | 32.84% |
| PAT Margin | 3.05% |
The Company intends to utilized the net proceeds in the following manner:
Saffron Speciality Papers Ltd.
Survey No. 53, Hissa 29,
75/2 & 77/5 Village Aamne
Near Indian Petrol Pump, ,
Bhiwandi, Maharashtra, 421302
Phone: 022 35216275
Email: info@saffronindia.net
Website: http://www.saffronindia.net/
NSDL Database Management Ltd.
Phone: 912224994200
Email: ipo.saffron@ndml.in
Website: https://www.ndml.in/index.php
Saffron Speciality Papers IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The Saffron Speciality Papers IPO open and close dates are not available as of now.
NSDL Database Management Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Saffron Speciality Papers IPO using UPI as a payment gateway. Zerodha customers can apply in Saffron Speciality Papers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Saffron Speciality Papers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Saffron Speciality Papers IPO dates are not announced. Please check back again after some time.
Saffron Speciality Papers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Saffron Speciality Papers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Saffron Speciality Papers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Saffron Speciality Papers IPO allotment status.
The Saffron Speciality Papers IPO listing date is not yet announced. The tentative date of Saffron Speciality Papers IPO listing is [.].
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